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17654 Vine Court 
Fontana, CA
92335
3 Beds 2 Baths 1,155 sqft
Built 1969
INVESTimate
$390,000
List Price
$109,100
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PROPERTY INFO
FACTS
- Built In 1969
- Price/Sqft : $337.66
- 2 Days on Market
- MLS # : CV20174519
- Updated Date : 08/25/2020 at 11:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,155 sqft
- Baths : 2 full
Listing Agent
Mainstreet Realtors
Listing Agent's Description
Very well maintained one story home, that sits on a cul-de-sac in the city of Fontana. 3 bedrooms and 2 bathrooms plus attached 2-car garage with direct access to home. Kitchen opens to dining area which makes entertaining effortless. Living-room boasts a beautiful brick fireplace for cozy winters, laminate flooring and crown molding, freshly painted. Master bedroom has a tiled walk-in shower. Backyard includes a patio, two sheds on foundation, Rear RV access for all your toys, Dog run for your family's best friend... Near schools, restaurants and Pacific Electric Running Trails. See property Video and Matterport 3D Virtual Tour.
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MARKET HIGHLIGHTS
- Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
- Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
- Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
- Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
- Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
- The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
- Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
- As part of Southern California area, Inland Empire market inherits all the benefits from the area.
PRICE & RENT TRENDS
Neighborhood: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fontana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$414 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$17
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 8.78% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.41% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,100
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
5.42
YEARS SAVED
$27,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$1.74
LIST RENT PER SQFT
-
$1,715
COMP ESTIMATED VALUE -
$1.49
COMP AVG. RENT PER SQFT
Comps Range
-
17654 Vine Court Fontana, 3
- 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,155 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $2,010
- $1.74
-
7399 Kempster Avenue Fontana, 1
- 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,207 Sqft ∙ Built 1983
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,695
- $1.40
-
17646 Dorsey Avenue Fontana, 2
- 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1955
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,750
- $1.51
-
16970 Walnut Court Fontana, 4
- 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,502 Sqft ∙ Built 1988
LEASED 06/29/19- Rent
- Rent Per SQFT
- $2,250
- $1.50
-
9466 Emerald Avenue Fontana, 5
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1972
LEASED 07/19/20- Rent
- Rent Per SQFT
- $2,300
- $1.53
PROPERTY LISTING DETAILS
Mainstreet Realtors
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
MLS #: CV20174519
Last Updated: 08/25/2020
